Key Investment Insights
- Business is for sale with no manager's unit to buy, allowing for a lower initial investment for the buyer.
- Long agreements in place, providing stability and potential for long-term profits.
- On-site manager's office available for use.
- Body Corporate Salary of $87,000, with potential for increase.
- Plenty of potential for growth and increased profits with proactive management.
- Well-located townhouse complex near top schools, making it an attractive option for potential tenants.
- Permanent complex with 57 units, with 21 units in the letting pool and 21 permanent units.
- Accommodation agreement module with a term of 25 years, with 24 years remaining.
- On-site amenities include a pool, BBQ area, and pay TV.
- Manager's apartment valued at $199,000 and allows for pets.
Management Rights Multiplier: 5.20
ROI Estimate: 19.21%